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. >>> president obama and house speaker john boehner have resumed informal talks. they spoke by phone yesterday raising some hopes that formal talks will resume on how to avoid the new year's day "fiscal cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies hoping to convince them of the need for higher tax rates at upper income levels. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor says more needs to be done about spending right now. >>> meanwhile, public policy polling conducted an unusual survey to test american knowledge about debt reduction policy. people were asked what they thought of the panetta burns planning, something that doesn't even exist. one-fourth of the people took a stance on it anyway. 8% are in support by golly. 17% opposed. >> that's ri
. >>> president obama and house speaker john boehner have resumed informal talks. they spoke by phone yesterday raising some hopes that formal talks will resume on how to avoid the new year's day "fiscal cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies hoping to convince them of the need for higher tax...
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psy's apology coming days before he is scheduled to perform in front of president obama. >>> new developments in the tragedy involving the prank phone call targeting kate middleton. we are seeing the first picture of the hospital nurse who is believed to have committed suicide. the nurse falling victim to the hoax and revealing confidential information on the royal's condition during her pregnancy. after two australian disk jockeys tricked her by pretending to be queen elizabeth and prince charles. >> hello good morning. >> hello there. can i please speak to kate please, my granddaughter. >> yes, just hold on, mum. >> are they putting us through? >> yes. >> those two disk jockeys are facing a growing backlash for their hoax. they were yanked off the air for the prank call, and now the radio station could lose its broadcast license. advertisers are also pulling their ads from the station. >>> this month marks a special anniversary, the last time a man walked on the moon 40 years ago. u.s. astronaut gene sernon had that honor and neil kavudo is anchoring a special on fox. here is just a bit of
psy's apology coming days before he is scheduled to perform in front of president obama. >>> new developments in the tragedy involving the prank phone call targeting kate middleton. we are seeing the first picture of the hospital nurse who is believed to have committed suicide. the nurse falling victim to the hoax and revealing confidential information on the royal's condition during her pregnancy. after two australian disk jockeys tricked her by pretending to be queen elizabeth and...
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with consequence. >> and new developments in north korea as a planned rocket launch. the test fire was scheduled sometime on monday, but north korea's state media says scientists are seriously considering adjusting the time frame. meanwhile the u.s. is deploying warships to the region to monitor the situation there. north korea maintains it is just trying to put a satellite into orbit, but the u.s. says it is a cover for testing ballistic missal technology. >>> one week after a murder-suicide involving the kansas city chiefs player more sad news rocking the nfl. dallas cowboys ease nose tackle josh brent under arrest after a car crash that killed his teammate jerry brown. brown was just 25 years old. he was a member of the cowboys' practice squad. dominique is live in l.a. with the latest. dominique? >> hi, rick. jerry brown was a practice squad line backer. he was killed in the one-car accident around 2:20 in the morning in the dallas suburb of irving. his teammate josh brent was behind the wheel, and just the two of them were in the vehicle. the police department de
with consequence. >> and new developments in north korea as a planned rocket launch. the test fire was scheduled sometime on monday, but north korea's state media says scientists are seriously considering adjusting the time frame. meanwhile the u.s. is deploying warships to the region to monitor the situation there. north korea maintains it is just trying to put a satellite into orbit, but the u.s. says it is a cover for testing ballistic missal technology. >>> one week after a...
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in our new nbc/"wall street journal" poll, 70% of democrats and 59% of republicans urge compromise. the country is evenly split over whether that will happen. republicans rejected president obama's latest plan to accept less tax revenue and sent the exact same offer back to the white house with no changes. >> i don't believe that we've heard anything from the leadership that suggests they have moved off their position. >> i remain the most optimistic person in this town. but we've got some serious differences. >> reporter: federal reserve chair ben bernanke warns gridlock is already affecting the economy. >> why is it that consumer confidence dropped so sharply this week? why is it that small business confidence dropped so sharply? why are the markets volatile. >> reporter: now this is interesting. we're looking this morning at a new analysis from the nga, the national governor's association. they say on average states will lose about 7% of their federal grants if we go over the cliff. but that some states will actually bring in more tax revenue to compensate. other states will brin
in our new nbc/"wall street journal" poll, 70% of democrats and 59% of republicans urge compromise. the country is evenly split over whether that will happen. republicans rejected president obama's latest plan to accept less tax revenue and sent the exact same offer back to the white house with no changes. >> i don't believe that we've heard anything from the leadership that suggests they have moved off their position. >> i remain the most optimistic person in this town....
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back to the news. >>> welcome back, everyone. president obama and the republicans look to make a deal. the royal couple makes a baby, and a new law makes some pot smokers very happy. a look back now at the week that was. >> 26 days left, of course, until we tumble over the cliff. >> now we need a response from the white house. >> i will not play that game. >> it's official. kate middleton is pregnant. >> obviously, you know, we want a family. >> the whole globe's press will be in london waiting for this little baby. >> smoke them if you've got them. >> now we're smoking weed. >> i'm not a criminal anymore. i'm free to be free. >> a little pot, a big pregnancy and, of course, politics dominated this week that was. a week that began with this. >> a reasonable offer to the white house that would avert the fiscal cliff. >> the president politely declined. >> when you look at the math, it doesn't work. >> it's just common sense. >> at least the two sides are talking. >> oh, they are talking all right. >> the president actually isn't i
back to the news. >>> welcome back, everyone. president obama and the republicans look to make a deal. the royal couple makes a baby, and a new law makes some pot smokers very happy. a look back now at the week that was. >> 26 days left, of course, until we tumble over the cliff. >> now we need a response from the white house. >> i will not play that game. >> it's official. kate middleton is pregnant. >> obviously, you know, we want a family. >> the...
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. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game because we've got to... we've got to break that habit before it starts. >> reporter: the 2011 standoff between the president and republicans led the nation to the brink of national default. standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republ
. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that...
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new details still unfolding at this hour. we will have an update for you on our sttop story. we have been reporting on the growing tension in egypt. it is one of our most important allies in that region and the stability is crucial to peace in the middle east. coming up ambassador john fulton joins us to weigh in on what is at stake there. one business owner display this is inflatable santa on his store's roof for years. now the town says santa has to come down. he's getting fined for having him up there. is this a fest i display on a safety hazard. we report, you decide. [ male announcer ] kids grow up in no time... marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. johan comes in a porcelain vessel, crafted with care by a talented blonde from sweden. ♪ smooth, rich, never bitter, gevalia. to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15entrees under $15, seaf
new details still unfolding at this hour. we will have an update for you on our sttop story. we have been reporting on the growing tension in egypt. it is one of our most important allies in that region and the stability is crucial to peace in the middle east. coming up ambassador john fulton joins us to weigh in on what is at stake there. one business owner display this is inflatable santa on his store's roof for years. now the town says santa has to come down. he's getting fined for having...
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this is the cbs morps news for . this is the cbs morps news for december 6, 2012. captioning funded by cbs >>> good morning, everybody. i'm terrell brown. stunning. that's what they here after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. a poll shows nearly half of those ads say it's time to end talks cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes? >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, g
this is the cbs morps news for . this is the cbs morps news for december 6, 2012. captioning funded by cbs >>> good morning, everybody. i'm terrell brown. stunning. that's what they here after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. a poll shows nearly half of those ads say it's time to end talks cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for...
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. >> live from america's news headquarters, i'm harris falkner. the latest on the fiscal cliff, president obama and house speaker boehner meeting behind closed doors, close to the media we didn't know what was happening and don't know what was said there because they're keeping it private. they say it's an effort to avoid the deadlock in the negotiations. and the white house pushes for more taxes on higher earners, republicans are holding out for deeper cuts. and demonstrators acting in anger to president mohammed morsi's continued push on an islamist backed constitution. and in the streets of cairo demanding that vote scheduled for this coming saturday be canceled and many in the u.s. concerned about religious freedom during this unnecessary. i'm harris falkner and now, back to huckabee. [applause] >> detroit is broke. and detroit is in big trouble. officials there are trying to figure out just how the city can avoid being the largest american town ever to declare bankruptcy. and joanne watson, counsel woman came up with the quote of the week. >>
. >> live from america's news headquarters, i'm harris falkner. the latest on the fiscal cliff, president obama and house speaker boehner meeting behind closed doors, close to the media we didn't know what was happening and don't know what was said there because they're keeping it private. they say it's an effort to avoid the deadlock in the negotiations. and the white house pushes for more taxes on higher earners, republicans are holding out for deeper cuts. and demonstrators acting in...
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there are new concerns about what could happen to the country's credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. president obama talked to business leaders today. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may re newsto raise the country's debt ceiling to get their way on spending cuts and risk defaulting on the country's loans. >> that is a bad strategy for america. it's a bad strategy for your businesses. and it is not a game that i will play. >> reporter: republicans are pushing back. >> he's the president, not the emperorer. >> reporter: fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes, not by raising rates on the rich as the president has insisted. >> we're not insisting rates just out of spite, but rather because we need to raise a certain amount of revenue. >> we can't just keep borrowing money, raising tax
there are new concerns about what could happen to the country's credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. president obama talked to business leaders today. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may re newsto raise the country's debt ceiling to get their way on spending cuts and risk...
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as president obama and john boehner want to find agreement on the fiscal cliff. what is not being said is also important. what is not being said is also important. here is dana bash, senior correspondent. >> reporter: the house speaker ended the week with a progress report, none. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all week, and it didn't produce much. >> just more of the same, it is time for the president to be serious, to come back to us with a counter offer. >> reporter: but what may have been most notable what was john boehner did not say. he did not repeat his demand to keep taxes cuts for the wealthy in place, the biggest issue that divides them, instead he said this. >> there are a lot of things possible for the revenue, to put on the table. but none of it will be possible if the president insists on his position, insists on my way, or the highway. >> reporter: aides to john boehner and the president wh
as president obama and john boehner want to find agreement on the fiscal cliff. what is not being said is also important. what is not being said is also important. here is dana bash, senior correspondent. >> reporter: the house speaker ended the week with a progress report, none. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all...
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it comes after the obama administration lowered its request for new tax revenue from $1.6 trillion in over ten years to 1.4 trillion. but before the call boehner was critical of the president. >> right now the american people have to be scratching their heads and wondering when is the president going to get serious. >> the economic uncertainty comes at a time when retailers are hoping for strong holiday sales. the prospect of higher taxes for all americans threatens to sink consumer confidence. >> the specifics of the deal are not as important to us as getting a deal. >> now, in that abc news interview with barbara walters, the president said he thinks the american people will be better off with a done deal. harry reid who's a senate majority leader says he does not expect a deal before christmas. terrell. >> we'll have to see. susan mcginnis in washington. thank you so much. >>> today in morocco, they opened a meeting to discuss the syrian crisis. they're expecting to give them null political recognition during that same interview set to air on friday night on "20/20," president obam
it comes after the obama administration lowered its request for new tax revenue from $1.6 trillion in over ten years to 1.4 trillion. but before the call boehner was critical of the president. >> right now the american people have to be scratching their heads and wondering when is the president going to get serious. >> the economic uncertainty comes at a time when retailers are hoping for strong holiday sales. the prospect of higher taxes for all americans threatens to sink consumer...
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a brand new quinnipiac poll illustrates what a tough situation this is. for the first time, a narrow majority of americans, 51%, support legalizing marijuana. but here's where it gets politically interesting. when you break it down by party i.d., 58% of democrats and independents support legalizing marijuana. clear majority. only 31% of republicans do, however. so it's a fascinating shift where liberals and independents are saying, look. states rights at least on this issue. more individual liberty. and republicans are being more traditionalist about their attitudes. final point, this poll makes very clear it's a generational shift. just a second ago you were talking about the evolution of this issue of same-sex marriage. same thing with marijuana legalization. clear majorities of americans under age 44 supporting legalization. only 35%, however, of senior citizens supporting marijuana legalization. so a generational trend that is fueling this debate. >> let me ask you a practical question. here's a statement from the u.s. attorney in seattle. he put this
a brand new quinnipiac poll illustrates what a tough situation this is. for the first time, a narrow majority of americans, 51%, support legalizing marijuana. but here's where it gets politically interesting. when you break it down by party i.d., 58% of democrats and independents support legalizing marijuana. clear majority. only 31% of republicans do, however. so it's a fascinating shift where liberals and independents are saying, look. states rights at least on this issue. more individual...
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live from america's news headquarters i'm elizabeth plan. billions of dollars may be headed to state deficit stated by super storm sandy president obama has put in a formal request with request for just over $60 billion. senators from new york and new jersey where sandy caused the most damage say it's a good start but 60 billion won't cover all their needs. more fallout from a patrol car particular cam joke that may have led to the suicide of a nurse in london. the nurse, cynthia sadona revealed private information to the duchess. the radio station tied to the prank call now feeling intense pressure from angry person and concerned advertisers. and this year's trophy heisman winner is texas a&m quarterback men zell. beating out teao and collin klein. i'm elizabeth plan now back to justice with judge janine. >> reports are that syrian president assad has taken steps to unleash a deadly nerve gas outlawed by the u.n. and classified as a weapon of mass destruction. but what is saran gas and what happens when it is released? with me is emergency
live from america's news headquarters i'm elizabeth plan. billions of dollars may be headed to state deficit stated by super storm sandy president obama has put in a formal request with request for just over $60 billion. senators from new york and new jersey where sandy caused the most damage say it's a good start but 60 billion won't cover all their needs. more fallout from a patrol car particular cam joke that may have led to the suicide of a nurse in london. the nurse, cynthia sadona...
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obama says no. i will give you another one. number five, obama wants new stimulus money, the g.o.p. says no. >> okay, which one, what do you want me to address? >> i want to know whether those are all resolvable before the new year? >> yes, this re resolvable. on the debt limit, it was a republican idea when president bush was in the power to raise the debt limit, which is to pay bills that have already been accrued, and that the congress could override it. the congress could object. and mitch mcconnell put that bill forward on the floor this week, thinking he was going to embarrass democratic leader reed, and reed said let's go ahead and vote. it and so then mcconnell filibustered his own bill because he got afraid the democrats had the votes for it. so that's the kind of maneuvering that is going on. childish. >> yes, childish. very childish. former republican majority leader trent lott told cnn's anderson cooper how he had a working relationship with his democratic counterpart tom daschle. the two did something called compromise. a concept that facilitates law foreign in today's
obama says no. i will give you another one. number five, obama wants new stimulus money, the g.o.p. says no. >> okay, which one, what do you want me to address? >> i want to know whether those are all resolvable before the new year? >> yes, this re resolvable. on the debt limit, it was a republican idea when president bush was in the power to raise the debt limit, which is to pay bills that have already been accrued, and that the congress could override it. the congress could...
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could good news be on the horizon? those stories are coming up when the news at 10:00 continues. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> a year ago tonight a brentwood family's dream for their son c
could good news be on the horizon? those stories are coming up when the news at 10:00 continues. ♪ ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron...
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. >> 4:30, president obama is set to sign new legislation. the child protection act doubles the maximum conviction for those convicted of child pornography with those children under the age of 12. it gives broader powers to u.s. marshals. in the meantime, a fairfax county elementary school teacher has been indicted on child pornography charges. robert fenn was arrested back in june. he taught special education students. investigators say that the access to child pornography websites. >> of montgomery county office will student charged with bringing on unloaded gun at the school is expected in a hearing today. he went to magruder high school on thursday morning even though he was suspended. an officer told them that he was not supposed to be there. they found a weapon in his back. -- in his bag. >> he used to be a good kid. now bringing a weapon to school, it is just not right. >> abc 7 news but several startling messages on his twitter account. he tweeted, as soon as i stepped in school, it is savage time. >> it will be tough getting around u
. >> 4:30, president obama is set to sign new legislation. the child protection act doubles the maximum conviction for those convicted of child pornography with those children under the age of 12. it gives broader powers to u.s. marshals. in the meantime, a fairfax county elementary school teacher has been indicted on child pornography charges. robert fenn was arrested back in june. he taught special education students. investigators say that the access to child pornography websites....
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and president obama's pot problem. let's go "outfront." >>> i'm tom foreman in for erin burnett. outfront tonight, the magic number after a whole week of harsh words here in washington and threats to, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said. a lot of things are possible. that may not sound like much where you're from, but here
and president obama's pot problem. let's go "outfront." >>> i'm tom foreman in for erin burnett. outfront tonight, the magic number after a whole week of harsh words here in washington and threats to, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the...
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have a greater week and we'll see you next fox news sunday. >> a fox urgent, breaking news on a one-on-one meeting held between president obama and house speaker boehner on the so-called fiscal cliff. and the two most important players involving the financial future of our nation. i'm harris falkner, we're told a meeting was held behind closed door and without the media's knowledge and both men tight-lipped about what was said and when we asked for comments, both giving us the same statement, quote, this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff, we're not reading out details of the communication, but the lines of communication remain open, end quote. this meeting comes as the white house and congress appear to be at at impasse, you know by now is crippling spending and tax hikes and could cost us jobs and send us back into recession and to solve the problem, republicans say we must prevent our ballooning national debt from crushing generations. and chief white house correspondent now ed henry joins us by phone with th
have a greater week and we'll see you next fox news sunday. >> a fox urgent, breaking news on a one-on-one meeting held between president obama and house speaker boehner on the so-called fiscal cliff. and the two most important players involving the financial future of our nation. i'm harris falkner, we're told a meeting was held behind closed door and without the media's knowledge and both men tight-lipped about what was said and when we asked for comments, both giving us the same...
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republicans have sent the white house a counterproposal in response to a new plan president obama offered up privately yesterday. a boehner aide said the g.o.p. is waiting for the president to identify spending cuts, a point the speaker made on the house floor earlier today while white house press secretary jay carney called on republicans to get serious about revenue. >>here are the psint's spenng cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> on that question of whether or not we have put forward specific spending cuts, the answer is is we have. not only that, we signed law a trillion dollars in specific spending cuts. so if you combine what is signed into law with what we proposed versus the total absence of any specificity from the republicans for a sin
republicans have sent the white house a counterproposal in response to a new plan president obama offered up privately yesterday. a boehner aide said the g.o.p. is waiting for the president to identify spending cuts, a point the speaker made on the house floor earlier today while white house press secretary jay carney called on republicans to get serious about revenue. >>here are the psint's spenng cuts? the longer the white house slow-walks this process, the closer our economy gets to...
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doctor abducted by the taliban and president obama praised the soldiers for their selfless service to the united states. >>> new this morning, authorities in mexico say they have found the wreckage of a plane believed to be carrying mexican american singer jenny riviera. six others including two pilots were thought to be on board. the plane took off from monterey mexico on sunday and lost contact with air traffic controllers. the 43-year-old was born and raised in long beach, california. last night her fans gathered there for a vigil. >> whatever culture you were from she inspired you as a woman. she was a strong woman and went through what a normal person no artist or star goes through. >> i am in shock and i can't believe it. you feel like it's a dream. it's like it's not happening. >> she is a superstar singer among the latino population and stars in a reality show about her life called i love jenny. >>> australian djs behind the prank call to a hospital where kate middleton was staying they pretented to be the queen and prince charles ants nurse they called committed suicide not l
doctor abducted by the taliban and president obama praised the soldiers for their selfless service to the united states. >>> new this morning, authorities in mexico say they have found the wreckage of a plane believed to be carrying mexican american singer jenny riviera. six others including two pilots were thought to be on board. the plane took off from monterey mexico on sunday and lost contact with air traffic controllers. the 43-year-old was born and raised in long beach,...
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Dec 10, 2012
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martha: new numbers raising fresh concerns here at home about our economy. the u.s. consumer spending numbers showing signs of weakening after four months of gains. experts blame things like very high unemployment of course and the prospect of increased taxes as we get closer to the fiscal cliff. looks like everybody's taxes are going up no matter how this thing is comes out. consumer spending accounts for more than 2/3 of economic output. especially important at this time of year of course when a lot of sectors in all of these areas have been struggling, here is a bit of good news. martha: okay. take it. bill: not a lot. if you're driving on the road, thanks to shrinking demand manned lower fuel prices gas is sinking like a stone. a drop of 34 cents in the past month. in st. louis, drivers paying just over $3. even l.a. is paying 3.68. which is below four bucks where they have been for a very long time. even further drops expected in the coming days. martha: a devastating loss this morning. jennie rivera, the mexican american singer on the verge of crossing over to
martha: new numbers raising fresh concerns here at home about our economy. the u.s. consumer spending numbers showing signs of weakening after four months of gains. experts blame things like very high unemployment of course and the prospect of increased taxes as we get closer to the fiscal cliff. looks like everybody's taxes are going up no matter how this thing is comes out. consumer spending accounts for more than 2/3 of economic output. especially important at this time of year of course...
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Dec 10, 2012
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are willing to go along with president obama. they want major cuts in entitlement programs in return. tahman bradley joins us from washington with more. >> reporter: sunny and john, good morning. with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign of hope. mr. obama and john boehner meet together. a source said, i would be a little enjournlged. not greatly, but a little. republicans may be ready to compromise on tax hikes for the rich. >> there's a growing group of folks looking at this and saying, we don't have a lot of cards in regards to the tax issue. >> reporter: some are open to more tax revenues. the two parties seem to be closer on entitlement, with one leading democrats saying he's open to means testing for medicare. >> i do believe there should be means testing. those of us with
are willing to go along with president obama. they want major cuts in entitlement programs in return. tahman bradley joins us from washington with more. >> reporter: sunny and john, good morning. with time running out, president obama and speaker boehner are negotiating directly. congress needs a bill soon. president obama is back on the road today, peddling his plan to avoid the so called fis kalg cliff. in washington, republicans and democrats remain far from a deal. sunday, small sign...
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Dec 13, 2012
12/12
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president obama also recommends $400 billion in spending cuts. representative boehner's calls for $800 billion in new revenue, $600 billion in savings from medicare and medicaid, and $300 billion from other domestic programs. in a big slip for small business, confidence took a tumble in november. the national federation of independent business says its confidence index of small biz owners dropped 5.6 points last month - that's one of the largest drops the study has ever shown. the group says the fiscal fiasco in washington, along with the upcoming healthcare overhaul, is shattering optimism within the sector. however, it's not all doom and gloom. some business owners are expecting better sales and improving credit conditions in the new year. if you've had a positive experience at a jp morgan bank of late, you're not alone. the nation's largest bank by assets has jumped to first place in the american customer satisfaction index, edging out perennial favorite wells fargo. the survey interviews 70,000 customers each year on their satisfaction levels
president obama also recommends $400 billion in spending cuts. representative boehner's calls for $800 billion in new revenue, $600 billion in savings from medicare and medicaid, and $300 billion from other domestic programs. in a big slip for small business, confidence took a tumble in november. the national federation of independent business says its confidence index of small biz owners dropped 5.6 points last month - that's one of the largest drops the study has ever shown. the group says...
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this is a much more dangerous world and barack obama is responsible for it. because he engendered this movement by throwing mubarak under the bus -- >> perhaps you're overstating how much influence he had over being able to keep the previous pharaoh in power in egypt. what would you do about syria at this point that looks to be a regime on the brink of something and not a lot of great options? >> that's the problem. you asked me the question because of the policies of this administration we have two horrible options. which horrible option do you want to take? do you want a dictator alied with iran bg
this is a much more dangerous world and barack obama is responsible for it. because he engendered this movement by throwing mubarak under the bus -- >> perhaps you're overstating how much influence he had over being able to keep the previous pharaoh in power in egypt. what would you do about syria at this point that looks to be a regime on the brink of something and not a lot of great options? >> that's the problem. you asked me the question because of the policies of this...
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Dec 8, 2012
12/12
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news that 350,000 people simply gave up looking for work in the month of november. and while that drove the unemployment rate down to 7.7%, the fiscal cuts and tax hikes are expected to dramatically slow job creation and increase unemployment possibly plunging the economy back into a recession. let's go to dana joining us from capitol hill. the latest negotiations don't seem to be going anywhere. >> they sure don't. the house speaker ended the week by calling it a wasted week. he only had one phone call with the president of the united states and he said it was just, "more of the same." now counter offer to what the republicans put out during the week which was $800 billion in new tax revenue. so there's certainly a lot of frustration. particularly right now on the side of republicans who understand that democrats have the leverage right now. but on friday, the speaker did do something that seemed to indicate a little bit of day light. and that is he declined to put a line in the sand on that big issue that divides the two parties, which is raising tax rates for the
news that 350,000 people simply gave up looking for work in the month of november. and while that drove the unemployment rate down to 7.7%, the fiscal cuts and tax hikes are expected to dramatically slow job creation and increase unemployment possibly plunging the economy back into a recession. let's go to dana joining us from capitol hill. the latest negotiations don't seem to be going anywhere. >> they sure don't. the house speaker ended the week by calling it a wasted week. he only had...
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. >>> there may be new hope for a deal to prevent the so-called fiscal cliff. president obama went to michigan today to promote his plan to raise taxes on the top 2% of income earners. a gruing number of republicans say they may be willing to accept tax rate hikes on the rich as long as they gain ground on entitlements. >>> well, the holiday rush is on, folks, fedex says today will be the bus just day of the shipping year, and it could be one of the busiest days ever. >> jay gray took a tour of fedex's world headquarters earlier today and join us live from mississippi with a look at the behind the scenes situation, a look at how the packages get from here to there. >> reporter: hey there, fedex facilities across the nation, including this one in mississippi n. constant motion, moving 19 million packages at a rate of 200 per second. the holiday rush is ramping up at fedex today. >> we've been planning for this day since the day after christmas last year, literally planning for this day since then. >> now it's here, the busiest day in fedex history, 19 million pa
. >>> there may be new hope for a deal to prevent the so-called fiscal cliff. president obama went to michigan today to promote his plan to raise taxes on the top 2% of income earners. a gruing number of republicans say they may be willing to accept tax rate hikes on the rich as long as they gain ground on entitlements. >>> well, the holiday rush is on, folks, fedex says today will be the bus just day of the shipping year, and it could be one of the busiest days ever. >>...
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Dec 13, 2012
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president obama now has asked the congress for $60 billion in supplemental funding for new jersey and new york particularly. i think connecticut maybe too. for the damage for hurricane sandy. he's doing that at the request of the governors there and republicans in congress are now saying do they really need that much money? was there really that much damage to hurricane sandy? haven't they been watching tv? >> they've been dodging the question about whether they should offset the cost of it. i think when -- i think boehner has so much on his plate right now. that he's going to let this through. he just doesn't want to say it. but you know, obviously this is another thing that conservatives are pushing for. so it's a tough spot. especially because i had forgotten about cantor and that damage when he said back then. he kind of retreated subsequently because he got flak for it. >> bill: here's what i would like to see. i would like to see whoever these members of congress are republicans in congress that are questioning the amount of storm damage in new jersey, i would like to see them s
president obama now has asked the congress for $60 billion in supplemental funding for new jersey and new york particularly. i think connecticut maybe too. for the damage for hurricane sandy. he's doing that at the request of the governors there and republicans in congress are now saying do they really need that much money? was there really that much damage to hurricane sandy? haven't they been watching tv? >> they've been dodging the question about whether they should offset the cost of...
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Dec 5, 2012
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more recently, though, president obama stood up on china issues, on steel, which led to a new steel mill in youngstown, ohio, more steel jobs in cleveland and lorain, ohio, on tires which translated into more jobs in findlay, ohio. and also on aluminum, which meant more jobs. but our experience with china proves we must more closely monitor our trade partners' commitments before workers are injured by him. russia committed to lower tariffs on manufactured goods to ensure predictability by capping quota levels and to meet international standards on intellectual property rights. i'm pleased to see the legislation extending russia pntr includes enforcement measures much stronger than china pntr. several based on legislation i introduced earlier this year. by requiring u.s. trade representative to monitor russia's compliance with its w.t.o. obstacles, to publish an annual report to promote compliance and to establish a formal and public process for business and workers to wa weign on russia's progress in anticipation and before violations for failing to follow the rule of law might take plac
more recently, though, president obama stood up on china issues, on steel, which led to a new steel mill in youngstown, ohio, more steel jobs in cleveland and lorain, ohio, on tires which translated into more jobs in findlay, ohio. and also on aluminum, which meant more jobs. but our experience with china proves we must more closely monitor our trade partners' commitments before workers are injured by him. russia committed to lower tariffs on manufactured goods to ensure predictability by...
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a report was out we covered 40,000 -- we created 140,000 new jobs. the obama recovery is roaring and we are going have a great couple three years. >> dana: how many people left the workforce >> bob: i have no idea. >> dana: why does it matter? that's why the unemployment rate went down. >> bob: you are all so pessimistic be. upbeat. >> dana: be honest. >> greg: the new jobs are elves. >> eric: 73% of all new jobs -- >> bob: this is my segment. >> dana: you started it. >> eric: 73% of all jobs createed in this country over the last five months. 73 are what? government jobs. every guy pulling the car, three guys -- dabs 350,000 people left the jobs. >> bob: you take my one more thing and debate it because you don't like it. >> eric: saturday night, i'm watching "saturday night live." if wasn't so darn true it wouldn't so darn funny. watch. >> early this week, i found my way to congressional cafeteria. what do i see? john boehner sitting by himself. all alone. not a single member of the party willing to share his company. he didn't even have any milk to
a report was out we covered 40,000 -- we created 140,000 new jobs. the obama recovery is roaring and we are going have a great couple three years. >> dana: how many people left the workforce >> bob: i have no idea. >> dana: why does it matter? that's why the unemployment rate went down. >> bob: you are all so pessimistic be. upbeat. >> dana: be honest. >> greg: the new jobs are elves. >> eric: 73% of all new jobs -- >> bob: this is my segment....
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what you're looking at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses movg higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, an ten yeartreary down to 1.59%. no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry forhe report. >> trying to lay blame for stalled buet talks
what you're looking at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses movg higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, an ten yeartreary down to 1.59%. no progress in...
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a new poll shows that 53% trust president obama to avoid the fiscal cliff compared to just 36% for republicans. let's bring in juan williams. he -- is it to make sure the republican take the blame for whatever happens? >> no. i will say this, the reason the president has been out campaigning is to amp up the politicallpressure on republicans and let them feel the heat from the public as a prospect that they would but taxes go up on everyone wheee there is a deal that would keep taxes down for 98% of the public. dagen: what about sticking to their guns? the president said he will not cut a deal without raising taxes on the wealthier americans. maybe they go off a little bit. is that a compromise that both sides would be willing to, well, eat? >> that is exactly the compromise that everyone around washington is discussing. the number that everyone is focusing on is the 37%. you also have, as part of that package, discussions about exactly how much, dagen, they would cut in terms of entitlement. dagen: secretary geithner caught in an interview that he gave this week, said that thee are absolutely
a new poll shows that 53% trust president obama to avoid the fiscal cliff compared to just 36% for republicans. let's bring in juan williams. he -- is it to make sure the republican take the blame for whatever happens? >> no. i will say this, the reason the president has been out campaigning is to amp up the politicallpressure on republicans and let them feel the heat from the public as a prospect that they would but taxes go up on everyone wheee there is a deal that would keep taxes down...
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barack obama is negotiating good the republicans how to avoid the so-called fiscal cliff it's a set of spending rises and tonks cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american see a day looming do all these new york residents try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly well i i guess i have not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes and no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah do you think there's actually somethi
barack obama is negotiating good the republicans how to avoid the so-called fiscal cliff it's a set of spending rises and tonks cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american see a day looming do all these new york residents try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans...
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Dec 6, 2012
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new details ahead. >>> president obama remains firm that the wealthy must pay more. a few republicans are joining him. pipa visits sister kate. >>> the $8 million man and nasa's high res look at you on our planet earth. good morning, everyone. i'm lynn berry. this week president obama puts syrian leader bahsar al assad on notice about the use of chemical weapons. and now we know why. pentagon sources tell nbc news that syria is preparing chemical weapons for the possible use against the military people in the form of aerial bombs. jim miklaszewski reports. >> reporter: as the fighting grows more intense and syrian rebels close in on damascus, the syrian regime has turned increasingly desperate. u.s. officials tell nbc news the syrian military loaded the precursor chemicals for sarn nerve gas into aerial bombs. that could be dropped from dozens of syrian fighter bombers. this week u.s. intelligence detected a flurry of activity at chemical weapons sites like this one. while u.s. officials confirm the precursor chemicals are loaded, they must still be mixed together to
new details ahead. >>> president obama remains firm that the wealthy must pay more. a few republicans are joining him. pipa visits sister kate. >>> the $8 million man and nasa's high res look at you on our planet earth. good morning, everyone. i'm lynn berry. this week president obama puts syrian leader bahsar al assad on notice about the use of chemical weapons. and now we know why. pentagon sources tell nbc news that syria is preparing chemical weapons for the possible use...